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20130406
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CNBC 8
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CNBC
Apr 4, 2013 7:00pm EDT
in washington. some investors got a very early heads up about a key obama care decision and they made a bundle. another form of crony capitalism exposed. can anything to be done about it? we'll take a closer look. don't forget free market capitalism not crony capitalism there's a huge difference. free market capitalism is the best path to prosperity. "the kudlow report" is coming right back. but i wondered what a i tcustomer thought? is great, hi nia... nice to meet you nia, i'm mike. what do you drive? i have a ford explorer, i love my car. and you're treating it well? yes i am. there are a lot of places you could take your explorer for service, why do you bring it back to the ford dealership? they specifically work on fords. it seems to me like the best care. and it's equal or less money, so it's a value for me. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. who doesn't enjoy value? [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aeros
CNBC
Apr 3, 2013 9:00am EDT
in the sand like an ostrich. we saw on the "washington post" an article, obama administration pushes banks to make home loans to people with weaker credit. a frequent guest on my program said that would open the flood gates to risks and send us back to the path we were just trying to recover from. really? listen. young people, maybe it's better to rent for a while. when i was young, rates were 15%, 16%, you rent for a while. we don't need more tampering. it didn't work out the first time. back to you, david. >> it certainly did not, mr. santelli. what words of advice would they give for the smart phones today? tweet us and we'll air your responses next. welcome to the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's
CNBC
Apr 3, 2013 7:00pm EDT
for daily use and a 30-tablet free trial. >>> the obama administration is pushing for banks to make home loans available to americans with weaker credit. cnbc's eamon javers joining us now with more of the details. eamon? >> good evening, brian. the "washington post" reported this story this morning. let me walk you through the details of what they say is a campaign by obama administration officials to push banks to loosen their lending standards when it comes to home mortgages. the "post" saying that the obama administration wants those banks to begin to lend again post-crisis. they say they've ratcheted the standards up too high and they want the banks to use those taxpayer-backed programs that enable them to do it and they're also urging the department of justice to reassure banks they won't be subject to prosecution or investigation if they move toward lending to people with lower credit scores. apparently, obama administration officials now feeling that some of the bank loan requirements of 20% down and near pristine credit scores are too high and that's hurting the housing recovery
CNBC
Apr 5, 2013 6:00pm EDT
for a stronger economy, president obama raising taxes, and congress trying to cut spending like the 1937 congress did. the number on the heels of a ridiculous and dangerous sequester issue, stopped the economy on its tracks and washington ex-bernanke is doomed to making the same mistakes of 1937 washington. we never hear any you are juurg. on "squawk on the street" i asked what will change this number? keystone pipeline, he didn't go there. blamed congress. perfect. we owe ben bernanke a huge debt of gratitude. he knew we weren't out of woods. everything in the power to try to change the course of events and the only person doing it. typical for those who have jobs and tend to be rich and are worried about their own wealth, bernanke worried about creating jobs and doesn't want a permanent underclass. he may be the only grownup in washington. and he may recognize that he runs the risk of inflation or seconding interest rates sky high. he could sell every bone the fed owns today as huge profit. the rest of the world so much trouble, they want our bonds. my hope after today, we can stop playing the
CNBC
Apr 3, 2013 3:00pm EDT
much. we have breaking news right now in washington. john harwood with the details. over to you, john. >> maria, this is part of the sequester battle this is symbolic. you had president obama at the white house confirming he's going to return 5% of his salary since the beginning of the sequester, which hit on march the 1st. now, the president makes $400,000 a year. that's a little more than $30,000 a month, which means that 5% of that for a month, so far, we're just in the beginning of april, is less than $2,000. not a consequential amount of money, but this is part of the president's attempt to get the high ground, especially as some of the sequester effects kick in. i wouldn't be at all surprised, we heard a similar thing from chuck hagel, the defense secretary, because a lot of the defense cuts are coming in defense, earlier today. i wouldn't be surprised if we hear that from some members of congress, with the question of leadership as well. but principally, only for those who like president obama, don't actually need that money, maria. >> john, thanks so much. john, let me ask you
CNBC
Apr 5, 2013 6:00am EDT
in as speaker. i think the american people want to see, you know, a check and a balance in washington. we're about to see the implementation of obama care right now. people who are making premiums now struggling. small businesses, employees, looking to see how they're going to get covered. it's going to be a real challenge, this administration. i think we have a lot of room for improvement on that. as far as the budget is concerned, i am in a wait and see mode whether this white house is very serious about coming together. >> it looks like it would be the same, implying the same day the president offered boehner last time. that's already gone through. that deal with 28% cap on deductions for the wealthy. so the same deal maybe on the entitlement side with additional taxes on the other side. >> the funny thing is, joe, there's a lot that the two sides agree on in washington. for the life of me i can't understand why we don't see the white house come forward and embrace things. >> you don't have to agree on everything. you do everything you want the last two years. >> what are the things yo
CNBC
Apr 3, 2013 4:00am EDT
. take a look at reaction -- we'll keep an eye on the reaction today. >>> obama administration pushing u.s. banks to make more home loans to people with weaker credit. sounds like stories of the past. "the washington post" reports the president's economic advisers say the housing market is leaving too many behind as it rebounds especially young people looking to buy their first home and those whose credit reports were hurt by the recession. housing officials are urging they won't face penalties to people who later default. it opens the door to risky lending that led to the housing crisis in the first place. the same is happening here in britain. >>> bp put its wind power business up for sale. the unit is worth $1.5 billion is a retreat from alternative energy to focus on core oil and gas operations. wind power is one of the largest renewable businesses and bp is among the largest u.s. wind generators. shares are just fractionally higher in london today. that's outperforming the market. hash tag earnings. s.e.c. making a big decision regarding company news and social media. bertha coombs
CNBC
Apr 5, 2013 9:00am EDT
this is a washington, and that's why i blame this number on them. >> do you think this is a sequester effect? the payroll tax and the increase for the rich. >> this as president obama gets set to announce his budget proposal this week. let's bring in john harwood. >> reporter: good morning, david. this jobs number will play directly into the political arguments as jim cramer suggested, and as jan hatzius suggested a moment ago when he talked about how sequester may have had a modest effect on this jobs number, but it will have more over time. that matches what president obama has said over and over including at this press briefing earlier this year. >> the longer these cuts remain in place the greater the damage to our economy. slow grind that will intensify with each passing day. and then right on cue, alan krueger, he ratcheted up that criticism of washington echoing jim cramer. >> the economy's continuing to heal. what we need to do in washington is avoid self-inflicted wounds. most importantly, they y isequ, the congressional budget office estimates it will reduce job growth by 750,000
Search Results 0 to 7 of about 8